President Umaru Musa Yar�Adua yesterday in Germany said one of the major objectives of the oil sector reforms being undertaken by his administration is to re-direct the huge resources currently committed to settling cash call obligations to the major oil … read more
Officers and the rank and-file of the Nigeria Police are to begin enjoying a new special pay structure from January next year. To this end, the police high command has earmarked N129 billion for its personnel�s welfare in the 2007 … read more
Microsoft is a tremendous competitor in every market in the world. And according to a letter written by Mandriva Linux CEO Francois Bancilhon, it’s so bent on winning that it undercut a deal between the Nigerian government and the Linux … read more
(Reuters) – Nigeria plans to stop cash call payments to the five majors pumping the bulk of its oil output and instead wants them to raise money from international finance markets, President Umaru Yar’Adua has said. He did not give … read more
Nigeria’s House of Representatives has elected a new speaker, Dimeji Bankole, after the resignation earlier this week of the former speaker, Patricia Etteh. Mrs Etteh and her deputy resigned over a corruption scandal, involving $5m for home renovations and cars. … read more
TWO crew members were said to have been killed and 40 others injured as pirates raided 16 vessels off Calabar Bonny River. The vessels belonged to four different companies. During the raid, seafood, electronic equipment and other devices on board … read more
Metropolitan Police in London Thursday, arrested the former Delta State first lady, Theresa Nkoyo Nakanda Ibori for money laundering at the Heathrow Airport in London according to a source that spoke to Saharareporters from London Tessy was arrested as she … read more
Nigeria�s rebel group, Movement for the Emancipation of Niger Delta (MEND) has claimed responsibility for the attack on a Nigerian Navy ship, NNS Obula that killed a naval officer with many others injured. In an email to The Times of … read more
Indications emerged last night that the current shortage in power supply being witnessed in parts of the country since last week, may soon result in a total black out, as the Nigeria Gas Company (NGC) has shut down gas supply … read more
Indications emerged yesterday that the Rivers State governorship candidate of the Action Congress(AC) in the April 14, 2007 election, Prince Tonye Princewill, may withdraw his petition against Governor Rotimi Amaechi at the tribunal. Princewill had petitioned the tribunal, alleging fraud … read more